BRIEF: Zhipu raises 3 billion yuan in new funding
AI large model unicorn Zhipu AI announced the completion of a new 3 billion yuan ($412 million) funding round, including participation by multiple strategic investors and state-backed entities. The funds…
FAST NEWS: Fenbi back in the black on strong civil service exam demand
The latest: Civil service exam preparation company Fenbi Ltd. (2469.HK) said on Monday it will report a net profit of 166 million yuan ($23 million) or more for 2023, reversing a loss…
FAST NEWS: Alibaba cuts Gogox stake for eighth time in three months
The latest: Internet giant Alibaba (BABA.US; 9988.HK) disclosed it sold about 1.22 million shares of online logistics services provider Gogox Holdings Ltd. (2246.HK) at an average price of HK$0.3516 on Feb. 2, lowering its…
FAST NEWS: Gogox appoints co-founder as new chairman
The latest: Online logistics services provider Gogox Holdings Ltd. (2246.HK) announced Thursday its executive director and co-CEO Lam Hoi Yuen has been appointed chairman by the board of directors with effect from Dec. 20,…
From Boom to Gloom: SPAC Frenzy Fizzles in Asia after US Falters
The SPAC bandwagon that rolled out of the U.S. has gone off the rails in Asia. Some listed SPACs have been liquidated, and the volume of SPAC applications in Singapore…